Earnings Are Growing at Qingdao Rural Commercial Bank (SZSE:002958) but Shareholders Still Don't Like Its Prospects
As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand at stock picking, your risk returning less than the market. We regret to report
The bad leadership of Youth Nong Commercial Bank and similar banks with A shares have fallen nearly 20% this year, which has been questioned by investors.
Tang Jiao, editor of "Investor Network", according to the half-yearly report of 2022, 90% of the 42 listed banks achieved double increases in revenue and net profit in the first half of the year. However, Qingdao Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Green Agriculture Commercial Bank", 002958.SZ) has become one of the few revenue decliners. According to the 2022 semi-annual report released on Aug. 26, the bank achieved 5.333 billion yuan in operating income in the first half of this year, down 3.09 percent from the same period last year, while the net profit returned to its mother was 1.749 billion yuan, up 5.08 percent from the same period last year. In terms of asset quality, at the end of June
Qingdao Rural Commercial Bank Chairman Steps Down
10:53 PM EDT, 08/09/2022 (MT Newswires) -- Liu Zhongsheng has resigned as chairman of Qingdao Rural Commercial Bank (SHE:002958) as its term of office expired, the Chinese rural lender said Wednesday.
Market Chatter: Chinese Banks Fined $164 Million in H1; ICBC Books Largest Penalty
10:26 PM EDT, 07/13/2022 (MT Newswires) -- Chinese banks were slapped 1.1 billion yuan ($164 million) in combined penalties in the first half of 2022 for a number of offenses, with the Industrial and
The three-year underlying earnings growth at Qingdao Rural Commercial Bank (SZSE:002958) is promising, but the shareholders are still in the red over that time
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But the last three years have been particularly tough on longer term Qingdao Rural
Plate changes | steady growth policy continues to implement the banking sector changes pull up
Zhitong Financial APP learned that on December 21, affected by the news of the continuous implementation of stable growth policies, the A-share banking sector moved higher. As of press release, Zijin Bank (601860.SH) rose by the daily limit, while shares such as Ruifeng Bank (601528.SH), Qilu Bank (601665.SH), Green Agricultural Bank (002958.SZ) and Bank of Chongqing (601963.SH) rose. Wanlian Securities Research report pointed out that loose monetary policy may be conducive to the stability of short-term bank asset quality: reviewing historical data, loose monetary policy may be conducive to the stability of short-term bank asset quality.
Green Farmers Commercial Bank (002958.SZ): yuan Wenbo resigned as Chief Financial Officer
Recently, the board of directors of the Bank received a report on the resignation of the Chief Financial Officer Yuan Wenbo, according to the announcement of the Green Agriculture Bank (002958.SZ) on November 25. Yuan Wenbo resigned as CFO of the bank due to job adjustment. After his resignation, Yuan Wenbo still held other positions in the bank.
The net profit of Qingnong Commercial Bank increased by 10% in the first three quarters, and the credit impairment loss increased by 40% to 3.4 billion.
China Economic Network, Beijing, November 1-Today, the share price of Qingnong Commercial Bank rose. As of the close, Qingnong Commercial Bank was reported at 3.84 yuan, an increase of 0.52%, the turnover was 42.2711 million yuan, the turnover rate was 0.41%, and the total market value was 21.333 billion yuan. On the evening of October 29, Qingnong Commercial Bank released its third quarter report of 2021. In the first three quarters of this year, the operating income of Qingnong Commercial Bank reached 8.432 billion yuan, an increase of 19.34% over the same period last year; the net profit belonging to the shareholders of the parent company was 2.733 billion yuan, up 10.48% from the same period last year; and the net profit after deducting non-recurring profits and losses belonging to the shareholders of the parent company 2
Green Farmers Commercial Bank (002958): strong non-interest growth and short-term fluctuation of asset quality
Q3's single-quarter performance increased sharply, and cumulative non-interest income in the first three quarters increased by 88.2% compared with the same period last year. According to the three-quarter report of 2021 released by Qingnong Commercial Bank, cumulative revenue and PPOP in the first three quarters increased by 19.34% and 24.12% respectively compared with the same period last year, which increased 10.24pct, 14.14pct Q3 single-quarter revenue and PPOP by 44.9% and 63.5% respectively compared with 21H1, mainly due to a year-on-year increase in other non-interest income and a substantial improvement in cost-to-income ratio. The cumulative net profit of homing in the first three quarters increased by 10.48% compared with the same period last year, which was slightly lower than that of 21H1.
The net profit of Qingnong Commercial Bank in the third quarter exceeded 1 billion yuan, an increase of 7.98% over the same period last year.
On October 29th, Qingnong Commercial Bank disclosed its report for the third quarter of 2021 that its operating income in the first three quarters was 8.432 billion yuan, an increase of 19.34 percent over the same period last year, while the net profit belonging to shareholders of listed companies was 2.733 billion yuan, an increase of 10.48 percent over the same period last year. Of this total, the operating income in the third quarter was 2.929 billion yuan, an increase of 44.87% over the same period last year; the net profit belonging to shareholders of listed companies was 1.068 billion yuan, up 7.98% from the same period last year. By the end of the third quarter, the total assets of Qingnong Commercial Bank were 429.143 billion yuan, an increase of 5.49% over the end of last year, and the total amount of loans and advances was 2322.